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StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm that specializes in creating customized investment solutions and providing advisory, data, and administrative services. With approximately $659 billion in total capital responsibility as of September 30, 2023, including $146 billion in assets under management, the firm partners with the world's most sophisticated investors. StepStone crafts portfolios tailored to meet specific investment objectives across private equity, infrastructure, private debt, and real estate asset classes.
Founded on a highly disciplined, research-focused approach, StepStone integrates primary investments, secondary market opportunities, and co-investments to construct its client portfolios. The firm's clientele includes public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and private wealth clients.
One of StepStone's significant offerings is SPI by StepStone, a leading technology solution that unifies the firm’s extensive research, data, and private markets tools into a single web-based platform. This platform provides critical insights across various asset classes and geographies, aiding investors in making well-informed decisions. The platform includes tools for manager research, performance reporting, portfolio exposures, commitment pacing, and benchmarking.
StepStone maintains a robust financial condition, supported by strong fee-related earnings and a disciplined approach to managing client assets. The company uses advanced data analytics and proprietary databases to enhance its decision-making processes. Recent achievements include expanding SPI by StepStone and celebrating the promotion of senior leaders dedicated to client success and operational excellence.
For more information, visit StepStone Group Inc. or access the SPI platform at SPI by StepStone.
StepStone Group has launched a new investment fund, SPRIM Lux, aimed at European high net worth investors, with an initial close of over USD 100 million. This fund provides access to StepStone’s semi-liquid, core private markets strategy, which has previously demonstrated significant returns, including a 76% total return since its inception in October 2020. SPRIM Lux will feature a diversified portfolio of 200 companies across 20 funds, enhancing accessibility and transparency in private market investments.
StepStone Real Estate has appointed Yasmine Uzmez as Managing Director on its business development team, enhancing its capabilities in institutional investor relations. With over 18 years of experience in real estate, Uzmez has a background at firms like Park Madison Partners and Shelter Rock Capital Advisors. Her expertise will aid StepStone’s global business development efforts across various asset classes. As of June 30, 2022, StepStone managed $588 billion in private market allocations, including $168 billion within real estate.
StepStone Real Estate has made a strategic equity investment in Anchor Health Properties, aimed at enhancing future growth in healthcare real estate management. This investment, managed through a pension fund client, supports Anchor's plans to improve its balance sheet and credit reserves. As of June 30, 2022, StepStone oversaw US$168 billion in global real estate allocations. With this partnership, both companies expect enhanced investment opportunities and operational improvements in healthcare real estate development across the U.S.
StepStone Group Inc. (Nasdaq: STEP) has announced that CEO Scott Hart and Head of Strategy Mike McCabe will present at the Barclays Global Financial Services Conference on September 13, 2022, at 8:15 am ET. A live webcast and replay will be available on the company's website. StepStone is a global investment firm specializing in private markets, overseeing approximately $588 billion in allocations, with $137 billion in assets under management as of June 30, 2022. The firm advises diverse clients, including pension funds, sovereign wealth funds, and high-net-worth individuals.
Conversus has launched CSPRING, a new investment platform aimed at high-net-worth individuals and smaller institutions. Scheduled for its first closing in the coming months, CSPRING will provide exposure to venture capital and growth equity with a focus on diversification across various managers and sectors. Designed for ease of access, it will offer monthly capital raises and quarterly liquidity options. StepStone will invest alongside CSPRING, leveraging its established network to access top-tier investment opportunities, especially within the innovation economy.
StepStone Group Inc. (Nasdaq: STEP) reported its fiscal Q1 results for the period ending June 30, 2022. The firm, which manages approximately $588 billion across private markets, declared a quarterly cash dividend of $0.20 per share, payable on September 15, 2022. As of the reporting date, it held about $137 billion in assets under management. The company caters to major pension funds, sovereign wealth funds, and high-net-worth individuals, providing tailored investment solutions and advisory services.
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StepStone Group announced that Mike McCabe, Head of Strategy, will present at the UBS Financial Services Conference on August 9, 2022, at 9:30 am ET. A live webcast of the presentation will be available on the StepStone website. As of March 31, 2022, StepStone manages $570 billion in private markets allocations, with $134 billion in assets under management. The firm offers tailored investment solutions across various asset classes, including private equity, infrastructure, private debt, and real estate, catering to a diverse clientele.
StepStone Group Inc. (Nasdaq: STEP) will announce its first-quarter results for the fiscal year ending March 31, 2023, on August 4, 2022, post-market. A conference call will follow at 5:00 pm ET to discuss these results. StepStone manages approximately $570 billion of private markets allocations, including $134 billion in assets under management. The firm provides tailored investment solutions and advisory services to a diverse client base, including pension funds and high-net-worth individuals.
RedBird Capital Partners and StepStone Group (NASDAQ: STEP) have entered into an agreement to acquire a majority stake in Talent Systems, a leading casting software and talent marketplace in the entertainment industry. Talent Systems, founded by Rafi Gordon and Alex Amin, managed over 50,000 projects and 2 million auditions in 2021. The acquisition aims to enhance Talent Systems' platform, supported by brands like Casting Networks and eTribez. Financial terms of the deal remain undisclosed. RedBird's expertise is expected to drive substantial growth in the current content creation landscape.
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